AGREEMENT OF LIMITED PARTNERSHIPBLACK FAMILY TRUSTS' OWNERSHIP OF AP PROFESSIONAL HOLDINGS DATED 6/1/12
Case File
efta-efta01088338DOJ Data Set 9OtherFIRST AMENDMENT
Date
Unknown
Source
DOJ Data Set 9
Reference
efta-efta01088338
Pages
7
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0
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Text extracted via OCR from the original document. May contain errors from the scanning process.
FIRST AMENDMENT
TO
THE LIMITED PARTNERSHIP AGREEMENT
OF
BLACK FAMILY PARTNERS, L.P.
This First Amendment dated December
2009 (this "Amendment"), by
BLACK FAMILY GP, LLC, as general partner (the "General Partner"), to the Limited
Partnership Agreement of Black Family Partners, L.P. (the "Original Agreement"), dated
as of May 17, 2007.
RECITALS
WHEREAS:
1.
LBF Holdings, LLC, Leon D. Black ("Leon"), AIF IV Management, Inc.,
The Black 2006 Family Trust, the Black Family 1997 Trust, and the trustees of eight
trusts for the benefit of Leon's children are limited partners of the Partnership (the
"Limited Partners").
2.
The rights and obligations of the General Partner and the Limited Partners
with respect to the Partnership are set forth in the Original Agreement.
3.
Section 12.1 of the Original Agreement provides that the Original
Agreement may be amended only with the unanimous agreement of all of the Partners.
4.
The General Partner and the Limited Partners now desire to amend the
Original Agreement.
NOW, THEREFORE:
1.
The General Partner hereby amends the Original Agreement by replacing
Section 5.4 with the following:
"5.4
Distributions. The Partnership may make distributions to
the Partners in cash or in-kind at such times and in such amounts as the
General Partner may determine, and the value of such distributions as
determined by the General Partner shall be charged against the respective
Capital Accounts of the Partners. Distributions shall be shared among the
Partners
in
accordance
with
their
respective
Sharing
Ratios.
Notwithstanding any provision to the contrary contained in this
Agreement, the Partnership shall not make a distribution to any Partner on
account of such Partner's interest in the Partnership if such distribution
would violate Section 17-607 of the Act or other applicable law."
2.
The above amendment shall be effective immediately.
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IN WITNESS WHEREOF, the Partners have executed this Amendment
as of the date first written above.
GENERAL PARTNER:
BLACK FAMILY GP, LLC
LEON D. BLACK, Manager
LIMITED PARTNERS:
12/11,2
LEON D. BLACK, individually
LBF HOLDINGS, LLC
LEON D. BLACK, Manager
z3.0
LEON D. BLACK, as Trustee of the
BLACK 2006 FAMILY TRUST
as Trustee of
2006 FAMILY TRUST
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AN, as Trustee of
K FAMILY 1997 TRUST
B
RY J.
the BLACK
RICHARD RESSLER, as Trustee of
the BLACK FAMILY 1997 TRUST
as Trustee of
Y 1997 TRUST
, as Trustee of
Y 1997 TRUST
DEBRA R. BLACK, as Trustee of
the TRUST F/B/O BENJAMIN ELI
BLACK U/AJD November 30, 1992
between LEON D. BLACK, as
Settlor, and DEBRA R. BLACK„
BARRY J. COHEN and JOHN J.
HANNAH. as trustees
J. CO
the TRUST F/B
NJAMIN ELI
BLACK U/A/D Nov mber 30, 1992
between LEON D. BLACK, as
Settlor, and DEBRA R. BLACK,
BARRY J. COHEN and JOHN J.
HANNAN, as trustees
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EFTA01088340
AN, as Trustee of
TRUS F/B/O BENJAMIN ELI
BLACK U/AJD November 30, 1992
between LEON D. BLACK, as
Settlor, and DEBRA R. BLACK,
BARRY J. COHEN and JOHN J.
HANNAN, as trustees
DEBRA R. BLACK, as Trustee of
the TRUST F/B/O JOSHUA MAX
BLACK U/A/D November 30, 1992
between LEON D. BLACK, as
Settlor, and DEBRA R. BLACK,
BARRY J. COHEN and JOHN J.
HANNAN, as trustees
BARRY J.
, as Trustee of
the TRUST F/B/O JOSHUA MAX
BLACK U/A/D November 30, 1992
between LEON D. BLACK, as
Settlor, and DEBRA R. BLACK,
BARRY J. COHEN and JOHN J.
HANNAN, as trustees
, as Trustee of
FM/O JOSHUA MAX
LACK U/A/D November 30, 1992
between LEON D. BLACK, as
Settlor, and DEBRA R. BLACK,
BARRY J. COHEN and JOHN J.
HANNAN, as trustees
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DEBRA R. BLACK, ds Trus ee of
the TRUST F/B/O ALEXANDER
SAMUEL
BLACK
U/A/D
November 30, 1992 between LEON
D. BLACK, as Settlor, and DEBRA
R. BLACK, BARRY J. COHEN and
JOHN J. HANNAN, as trustees
, as Trustee o
the TRUST F
O ALEXANDER
SAMUEL
BLACK
U/A/D
November 30, 1992 between LEON
D. BLACK, as Settlor, and DEBRA
R. BLACK, BARRY J. COHEN and
JOHN J. HANNAN, as trustees
NNAN, as Trustee of
t3;c TRf3ST F/B/O ALEXANDER
AMUEL
BLACK
U/A/D
November 30, 1992 between LEON
D. BLACK, as Settlor, and DEBRA
R. BLACK, BARRY J. COHEN and
JOHN J. HANNAN, as trustees
(ff
RA R. BLACK, as Trus'fee of
the
TRUST
F/B/O
VICTORIA
RACHEL
BLACK
U/A/D
November 30, 1992 between LEON
D. BLACK, as Settlor, and DEBRA
R. BLACK, BARRY J. COHEN and
JOHN J. HANNAN, as Trustees
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BARRY J. C u HE , as Trus
the TRUST
F /O
VICTORIA
RACHEL
BLACK
U/A/D
November 30, 1992 between LEON
D. BLACK, as Settlor, and DEBRA
R. BLACK, BARRY J. COHEN and
JOHN J. HANNAN, as Trustees
N
, as Trustee of
TR
F/f3/O
VICTORIA
CHEL
BLACK
U/A/D
November 30, 1992 between LEON
D. BLACK, as Senior, and DEBRA
R. BLACK, BARRY J. COHEN and
JOHN 1 HANNAN, as Trustees
ARRY J. C V
t
, as Ttus
the TRUST F /
BENJAMIN ELI
BLACK U/A/D August 1, 1988
between LEON D. BLACK, as
Senior, and BARRY J. COHEN, as
Trustee
BARR
J. CO
, as Trustee of
the TRUST F
O OSHUA MAX
BLACK U/A/D
ugust 1, 1988
between LEON D. BLACK, as
Settlor, and BARRY J. COHEN, as
Trustee
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BARRY J CO
, as Trustee of
the TRUST F c /0 ALEXANDER
SAMUEL BLACK U/A/D August 1,
1988 between LEON D. BLACK, as
Settlor, and BARRY J. COHEN, as
Trust
BARRY
HEN, as Trustee of
the TRUST
F/B/O
VICTORIA
RACHEL BLACK U/A/D August 1,
1988 between LEON D. BLACK, as
Senior, and BARRY J. COHEN, as
Trustee
/.
..‘.
AIF
MANAGEMENT, INC.
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EFTA01088344
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